Recently#JPMorganhas made a clear move to participate and speak out about the#Cryptomarket
In a recently published report, JPMorgan put its long-term price forecast for #Bitcoin up to $146,000 as the market's largest virtual currency competes with gold as an "alternative" currency.
"Convergence in price movements between Bitcoin and gold cannot happen quickly but must take place over many years. That is, the level of 146,000 USD should be considered a long-term target,"#JPMorgansaid.
Next, JPMorgan suggested that #Bitcoin could act as a tool for portfolio diversification in a recent statement, JPMorgan Chase strategists Joyce Chang and Amy Ho said in a report to investors investment: "With a portfolio of multiple assets, investors may consider allocating up to 1% to virtual currencies to benefit from the efficiency of the portfolio's total risk-adjusted return"
The move to penetrate the Crypto market when JPMorgan Chase officially registered and was granted a patent for "JP Morgan Wallet" an electronic wallet for cryptocurrency.
The above move shows that this financial giant continues to delve deeper into providing digital currency and #Bitcoin services to its existing customer group.
JP Morgan Chase, America's largest bank, with assets of more than 3,300 billion USD and moves to participate deeper and deeper in the#Cryptomarket, so surely #Bitcoin in particular and#Cryptoin general will be here in the near future. , will be a vibrant and potential market with the presence of many large financial institutions.
#cryptocommunity#BitcoinETF#having#BRC20 #BTCUSD
In a recently published report, JPMorgan put its long-term price forecast for #Bitcoin up to $146,000 as the market's largest virtual currency competes with gold as an "alternative" currency.
"Convergence in price movements between Bitcoin and gold cannot happen quickly but must take place over many years. That is, the level of 146,000 USD should be considered a long-term target,"#JPMorgansaid.
Next, JPMorgan suggested that #Bitcoin could act as a tool for portfolio diversification in a recent statement, JPMorgan Chase strategists Joyce Chang and Amy Ho said in a report to investors investment: "With a portfolio of multiple assets, investors may consider allocating up to 1% to virtual currencies to benefit from the efficiency of the portfolio's total risk-adjusted return"
The move to penetrate the Crypto market when JPMorgan Chase officially registered and was granted a patent for "JP Morgan Wallet" an electronic wallet for cryptocurrency.
The above move shows that this financial giant continues to delve deeper into providing digital currency and #Bitcoin services to its existing customer group.
JP Morgan Chase, America's largest bank, with assets of more than 3,300 billion USD and moves to participate deeper and deeper in the#Cryptomarket, so surely #Bitcoin in particular and#Cryptoin general will be here in the near future. , will be a vibrant and potential market with the presence of many large financial institutions.
#cryptocommunity#BitcoinETF#having#BRC20 #BTCUSD